EUR/AUD – 30M – SELL

The combination Euro/Australian Dollar (EUR/AUD) moves from the ascending trendline down.

A descent downwards to the next support at 1.76895 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 1.77594 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘RSI Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Bullish Divergence’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

1.77594 – 1.7757 – 1.77688 – 1.76895 – 1.77104 – 1.77367 —
1.77165 – 1.77165 —
44.088040964289 – 35.886328773827 —
– —
1.77594 – 1764318600

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing – Rising Wedge Chart Pattern – – – – – – – –